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Amazon (AMZN) is raising the price of Amazon Prime from $99 to $119 per year. The company announced the price hike for its membership program during a call with investors Thursday. The change will go into effect May 11, and it will apply to Prime renewals beginning June 16. "We continue to increase the value of Prime," Amazon CFO Brian Olsavsky said on the call, adding that the company has…

General Motors just received a lifeline in a key Asian market. The government of South Korea and GM have agreed to inject $4.4 billion into the automaker's operations in the country, which had been in danger of falling into bankruptcy. Under the terms of the deal, the state-owned Korean Development Bank (KDB) will invest a fresh $750 million into GM Korea, and GM will fork over $3.6 billion. The agreement…

In downtown Seoul, the giant smiling face of Kim Jong Un stared down at pedestrians from a billboard-sized TV screen. Usually when the North Korean leader appears on screens in the South Korean capital, it is a sign of danger and high tensions on the Korean Peninsula: nuclear tests, missile launches, or promises of annihilation. But on Friday, in a moment that few had ever expected to see, Kim was…

North Korean leader Kim Jong Un, left, and South Korean President Moon Jae-in walk together after crossing the demarcation line that separates the two countries. Korea Summit Press Pool/AP History was made Friday when Kim Jong Un became the first North Korean leader to cross into South Korean territory since 1953. South Korean President Moon Jae-in was waiting to greet him at the military demarcation line that has long divided…

Watch Kim Jong Un cross the line at DMZ Anderson Cooper 360 North Korean leader Kim Jong Un crossed the southern side of the DMZ for a summit with South Korean President Moon Jae-in, the first time a North Korean leader has stepped into the territory since 1953. Source: CNN Powered by WPeMatico

The world was watching when Kim stepped across the line that separates the divided Koreas to shake hands with Moon and take part in the the first face-to-face meeting of the two countries' leaders for more than a decade. Moon steps into North Korean territory While Kim had been expected to step onto the South Korean side of the demilitarized zone for Friday's summit, there had been no plans for…

Prince Louis (pronounced Loo-ee) is fifth in line to the British throne, after grandfather Prince Charles, father Prince William and his two older siblings. "The Duke and Duchess of Cambridge are delighted to announce that they have named their son Louis Arthur Charles," Kensington Palace said in a statement. "The baby will be known as His Royal Highness Prince Louis of Cambridge. The name does not have a strong British…

Kim became the first North Korean leader to step into South Korean territory since 1953 on Friday morning, crossing the line that separates the two Koreas at the demilitarized zone (DMZ) in a highly choreographed moment that was beamed live to the world. He was greeted by President Moon before walking along a red carpet to the Peace House for the first meeting between the leaders of the divided Koreas…

Watch Kim Jong Un cross the line at DMZ Anderson Cooper 360 North Korean leader Kim Jong Un crossed the southern side of the DMZ for a summit with South Korean President Moon Jae-in, the first time a North Korean leader has stepped into the territory since 1953. Source: CNN Powered by WPeMatico